The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1887-09-17

corporations they have formed and organized,
and by these presents do form fheTuslJyea into
and organic - corporation. unuel the following
stipulation and agreements, which 5hvy ACWbE
adopt as their charter,
ARTICLE l.
Tho name and Btyl, of ia, GvII,UIRti,u is de-
Glared 10 be the JENNINGS ACADEMY its
dUmiGie shall be in the IOYn Of JGnningS, CRlCa-
sieu parish LOUiBiRnHr and the President thereof
in his absence the Vice President Thereof shall
be the proper person officer upon whom all
citations and either legal process shall be served
Such corporation shall have and eRjoy succession
by its corporate name for period 81 niuety-nlnu
800 years from and after the date hereof 1t shall
haVO AUTHORITY TO hold receive and purchase and
convey property, both real and personal, and may
have n seal with such inscriptions and device as
may be Rgreed upon by the Board of Directors.
ARTICLE IL.
The purposes and objects Of this corporation
art 10 erect q building for sohWol purposes hire
teacher or teachers to conduct said sCA8Ol.
ARTICLE III.
Tho capital stock Of said corporation is hereby
declared to be TWO THOUSAND FIVE HUN
| DRIED DOLLARS (s250Oj tn b. divided into
Five HRndred 900 SHARES Of Five Dollars $500
| each, the same to be paid IN such manner and
amounts as the Board Of DIRECTORS may determine.
| Said corporation may however, sOmIurnGs busi
ness as soon as ono Thousand dollars Of said capi
tai stock shall have been suDscEib6d.
ARTICLE ".
The corporate powers Of this corporation arr
hereby vested in a Board of Dirpctors. 10 DO CON
posed Of D. D. ANDRDS, A. D. MCFARLAAI&
j, S. CUTTING, j, DER0UEN. VIM L
BRIGGS i. N. BURKE, and who shall conRti
tute the GTst Board Of Directors, with the sait
| L. s. Cutting as president and the said d. j. An
drus as yicerpIeBidsnt thereof they shall huiC
their offices until the first Monday in April A
u, 1889, or Uutil their spcCessOTs shall have bseI
Only elected and qualified.
On the iirBt Monday Of January, "A. D. 1855
and annually thereafter, an election for Director
to servo for the ensuing year shall be held at tn
office Of the Company and the Directors as chosen
shall take their seats the first Monday Of ApTi
following their election, and shall hold thei
offices until their successors slal have bean elect
{ ed and qualified.
They shall elect President and Vice Presiden
: from among their number immediately after the
, take their seats, who shall serve until the ner
BOerd shall elect their successors, A majority q
said Board of Directors shall constitute a quOruI
for the transaction Of business. All elections 70
Directors shall be by ballot majority Of til
votes cast shall elect, and each share Of stOG
shall be entitled to one vote, either In person o
by proxy. Said election shall be held under TIA
supeEintendence of two commissioners 10 b
selected by the Board Of Directors Ia office ut th
time Of the election.
i ARTICLE Y.
In case Of dissolution the affairs and husines
Of this corporation shall be Hquid8ted by tire
commissioners, 70 be elected frpm among th
stOekholders at the meeting called TO dissolve Oh
same, who shall continue IN office until all tia
business Of said corporation shall have been liqui
dated. -
/ AkItJLE VI
| No stOekhOlder shall ever be liable or RESPONSE
bio for the contracts faults Of said corporation
| in any further sum than the unpaid balance dut
! 70 the corporation on the shares owned by him
nor shHll any mere iRiol1uaty in the organization
| Of this corporation have tho effect Of rendering
| the charter null Or Of exposing q stOekhaldor u
any liability beyond tho amount Of his stock.
Thus done and passed in my Office, at II nRings
/ lsouisianaI in the presence Of X n BRIeGs and
! JuDsoN HARRIs, Competent Witnesses, residing
In CRleasiau parish, La, who hereuntO subscribed
| their names together with said parties and zoe,
| Notary, on the day and date set forth in the cap
| tiun thereof
| Original Signed. A. D, sAdcFARI.AIN,
j. s. Cutting,
| s. GARY,
ID. ID. ANDRUS
"a. M. sefAUpHIER,
/ g. H. MORSE
4 D. DEROUEN,
JOHN BURT,
i SCHAX0T BROS
i j. NJ HGLBURT
4 j. e. MCBLARTIN
RI mi BRIGGS,
Il JUDS0H 5ILARRIS
4 W briggs.